Overview
What is Florida Gulf Coast University Foundation Inc?
Florida Gulf Coast University Foundation Inc, located at 10501 FGCU Boulevard South, Fort Myers, Florida, serves as a nonprofit organization dedicated to raising and managing funds for the educational and charitable purposes of Florida Gulf Coast University. The foundation's mission is to support the academic endeavors of the university and holds various properties, including land for environmental studies programs and facilities such as the Vester Marine Science and Environmental Education Center. By receiving and administering donations, the foundation plays a crucial role in advancing Florida Gulf Coast University's educational mission.
Official website here: www.fgcu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Florida Gulf Coast University Foundation Inc has achieved a 92% score on Charity Navigator, reflecting strong performance in accountability and finance. The organization boasts a fully independent board with 100% of its members being independent, demonstrating a robust governance structure. Financial oversight is further evidenced by the foundation's clean audit practices and adherence to best practices in financial management.
Strengths of the foundation include its high program expense ratio of 93.44%, indicating that a significant portion of its budget is directed toward its mission-driven activities. Additionally, the organization has shown exceptional fundraising efficiency, with a low cost associated with raising funds. Its solid financial health is highlighted by a favorable liabilities-to-assets ratio and an impressive working capital ratio that suggests long-term sustainability.
However, there are noted limitations, including the absence of a whistleblower policy and documentation related to retention and destruction policies, which may raise concerns regarding transparency. While these gaps do not significantly detract from the foundation's overall strong performance, addressing them could enhance their governance practices and reassure stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Gulf Coast University Foundation Inc legitimate?
Florida Gulf Coast University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Gulf Coast University Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fgcu.edu/foundation
What is the mission statement of Florida Gulf Coast University Foundation Inc?
The Florida Gulf Coast University Foundation Inc plays a crucial role in supporting the educational mission of Florida Gulf Coast University. The organization's primary objective is to manage and distribute gifts and bequests for educational and charitable purposes that further the advancement of the university. The Foundation holds and administers various properties, including lands used for environmental studies programs and facilities such as the Vester Marine Science and Environmental Education Center. Additionally, the Foundation sets aside land for the university's future expansion needs.
Official website here: www.fgcu.edu/foundation
Who is the CEO of Florida Gulf Coast University Foundation Inc?
Katherine Green is the Executive Director of Florida Gulf Coast University Foundation Inc.
Official website here: www.fgcu.edu/foundation
What is the revenue of Florida Gulf Coast University Foundation Inc?
Florida Gulf Coast University Foundation Inc's revenue in 2023 was $29,949,264.
Official website here: www.fgcu.edu/foundation
Who are the executives of Florida Gulf Coast University Foundation Inc and what are their salaries?
There 51 volunteers at Florida Gulf Coast University Foundation Inc.
Here are 55 key members and their salaries:
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- Related: $152,414
- Other: $37,508
Official website here: www.fgcu.edu/foundation
Where can I find the form 990 for Florida Gulf Coast University Foundation Inc?
Florida Gulf Coast University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fgcu.edu/foundation
Learn more at the official website: www.fgcu.edu/foundation
Mission Statement of Florida Gulf Coast University Foundation Inc
Florida Gulf Coast University Foundation, a renowned organization, is dedicated to advancing the educational mission of Florida Gulf Coast University. By receiving and administering gifts and bequests for educational and charitable purposes, this foundation plays a crucial role in supporting the university's growth and development.
The foundation holds significant property for the use of Florida Gulf Coast University. Notably, the land used by the College of Arts and Sciences for environmental studies programs is under its care. Additionally, the property housing the Florida Gulf Coast University Vester Marine Science and Environmental Education Center is managed by the foundation. Moreover, land is set aside for the university's future expansion needs.
In essence, Florida Gulf Coast University Foundation serves as a vital partner to Florida Gulf Coast University, contributing to its success through the management of essential resources. These resources not only include financial support but also the strategic use of property that significantly contributes to the university's academic pursuits in the fields of environmental studies and marine science.
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Impact
October, 2024
Florida Gulf Coast University Foundation Inc significantly enhances the educational landscape of Florida Gulf Coast University by receiving and managing gifts and bequests aimed at furthering the university's mission. By administering these resources, the foundation plays a crucial role in promoting educational and charitable initiatives vital for student success and academic growth.
The foundation not only manages financial contributions but also oversees properties that serve essential functions for the university. This includes land for the College of Arts and Sciences, which supports environmental studies, and the Vester Marine Science and Environmental Education Center, both of which provide hands-on learning experiences and foster student engagement with the environment. Additionally, the foundation holds land designated for future expansion needs, ensuring that the university can continue to grow and adapt to the changing educational demands of the community.
Overall, the foundation's commitment to supporting Florida Gulf Coast University translates into enhanced educational opportunities, community engagement, and a robust platform for many students to thrive in an evolving academic environment.
This information is meant to be a general summary of Florida Gulf Coast University Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,454,757
- Program Service Revenue: $1,761,877
- Gross Receipts: $50,411,465
Assets and Liabilities:
- Total Assets: $185,699,204
- Total Liabilities: $2,379,522
- Net Assets: $183,319,682
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING ACTIVITIES
Revenue
$1,377,877
FACILITY RENTAL
Revenue
$384,000
Organization Details
Founding Year
1993
Phone
(239) 745-4365Principal Officer
Katherine Green
Main Address
10501 FGCU BOULEVARD SOUTH, FORT MYERS, FL, 339656565
Website
www.fgcu.edu/foundationNTEE Category
Code: B110 - Education
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